PZ Cussons Plc (PZC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thanks for joining our call today. This morning we have announced our results for the six months ending 30th November 2024. Sarah and I are here to talk you through those results as well as to provide an update on operational and strategic progress. Turning to the agenda for our call today, I'll start with a brief overview before handing over to Sarah to take us through the financial results in more detail. Next, I'll cover the operational and strategic update before finishing with a quick summary, and then it's over to you for your questions. Let me start then with some overall comments on how we are delivering against the priorities we set out for this year and our journey to transform PZ Customs into a business with a more focused portfolio and stronger brands, delivering sustainable, profitable growth. We have delivered solid trading overall in the UK, Indonesia, and ANZ. three of our four priority markets, with like-for-like revenue growth of 2%. UK delivered the strongest revenue growth of these three markets. The robust performance has been driven by new product innovation and effective price and promotional management, combined with competitive brand activation and increased retail distribution. The sustained revenue momentum across the UK portfolio has enabled a step up in profitability, supported by overhead efficiencies and continued improvement in the profitability of child's farm. Looking further afield, Indonesia recorded a third consecutive quarter of growth, despite the lack of some of the macroeconomic challenges we have faced over the past couple of years. Growth was driven by targeted innovation, strengthened retail execution and effective revenue growth management. Indonesia remains an important market for the baby category. drive...